<![CDATA[OptionsOnFire - Options and Financial Independence: Double Diagonals]]>https://www.optionsonfire.com/s/double-diagonalshttps://substackcdn.com/image/fetch/$s_!ZI7d!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F90ffcfd2-0a36-4880-b767-851e53acf221_600x600.pngOptionsOnFire - Options and Financial Independence: Double Diagonalshttps://www.optionsonfire.com/s/double-diagonalsSubstackTue, 26 May 2026 07:43:37 GMT<![CDATA[The Two Trades in Every Double Diagonal]]>https://www.optionsonfire.com/p/the-two-trades-in-every-double-diagonalhttps://www.optionsonfire.com/p/the-two-trades-in-every-double-diagonalSat, 18 Apr 2026 14:56:13 GMT

Most traders hear “double diagonal” and immediately zone out. Selling a strangle, buying a longer-dated strangle, managing Greeks, adjusting at 21 days — it’s a lot. But here’s the reframe that changes everything: a double diagonal isn’t one trade. It’s two trades working together. Until you see each piece independently, you’re flying blind when something goes wrong. DoubleDTrader.com just broke it down plain English in the first article of a five-part series — starting with the foundation trade, the short strangle, and why 16 delta is the sweet spot. Start reading → DoubleDTrader.com

]]><![CDATA[Beginner's Guide to Double Diagonals and Double Calendars]]>https://www.optionsonfire.com/p/beginners-guide-to-double-diagonalshttps://www.optionsonfire.com/p/beginners-guide-to-double-diagonalsSun, 26 Jan 2025 14:51:06 GMTOptions trading can be a complex but potentially rewarding strategy for investors looking to enhance their portfolio performance. In this guide, we'll explore two advanced options strategies

Introduction

Options trading can be a complex but potentially rewarding strategy for investors looking to enhance their portfolio performance. In this guide, we'll explore two advanced options strategies: double diagonals and double calendars. We'll also compare these strategies to similar ETFs like QYLD, RYLG, JEPI, and JEPQ.

Similar ETF’s, however, generally only take one side of the market, for example, a covered call ETF. Few, if any, offer long theta on both sides of a market move. In other words, there are not many “delta neutral” ETF’s. For this reason, a strategically placed double diagonal…

To continue reading, head over to our new double diagonal specific site: DoubleDTrader.com

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